Colorado
Southern Colorado city reintroduces marijuana tax
PUEBLO, Colo. (KKTV) – After being suspended for a couple of months, the marijuana excise tax is back in Pueblo. The tax has also gone up from what it was previously.
From January 1st of this year until this past Monday, marijuana was taxed 0%. Before this, marijuana was taxed at 8%, but now it has increased to 10%.
Money from the marijuana excise tax goes toward the general fund, which pays for things like improvements in schools and for the police and fire department. Pueblo City Council members say the reason for reintroducing this tax was because the city lost $200,000 from its budget by not having the tax.
City Council member, Regina Maestri says since the legalization of marijuana, Pueblo has seen more mental health issues. She also says the reason the tax was 0% for a couple of months this year was because a dispensary requested it of the City Council.
We’ve also reached out to multiple dispensaries in the city to ask how this tax will effect business, we’re still waiting to hear back.
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